Page 1. This document remains the intellectual property of Arrow Accounting and may not be copied, or used without their prior written approval Use of any material within this document must be accredited to Arrow Accounting . Internal Audit Report Watchfield Parish Council Oxfordshire.

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This document remains the intellectual property of Arrow Accounting and may not be copied, or used without their prior written approval Use of any material within this document must be accredited to Arrow Accounting .

An internal audit review of Watchfield Parish Council’s Financial controls for 2011/12 has been undertaken by Arrow Accounting. The work covered was a key control review of the systems in place for ensuring an adequate level of Governance and Financial control. Sample testing of transactions to ensure compliance in all areas of Council management was undertaken and aimed to evaluate the systems and identify risks and any associated weaknesses. Previous recommendations were followed-up.

Findings, recommendations and action plan

Internal Auditors Summary Report

Watchfield Parish Council has an electorate in the region of 1219 and the precept for 2011/112 was set at £22,000.

Overall, the Council has sound arrangements in place to satisfy itself that its systems of internal financial control are both adequate and effective. There are approval and authorisation controls and there is a clear audit and management trail for financial transactions.